The wealth effect is also known as:
A) the Keynes effect
B) the Doppler effect
C) the Mundell-Fleming effect
D) the Pigou effect
Correct Answer:
Verified
Q24: Deteriorating economic conditions could be due to:
A)increases
Q27: If the government decides to increase expenditure
Q29: The classical dichotomy refers to the separation
Q30: The downward slope of the aggregate-demand curve
Q31: When the price level falls:
A)households try to
Q31: Which of the following is the correct
Q32: The aggregate-supply curve shows:
A)the quantity of goods
Q32: If the money supply increases, there will
Q34: When firms cut back production:
A)they employ more
Q39: The aggregate-demand curve shows:
A)the quantity of goods
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